Tuesday, February 16, 2010

Please Support H.R. 4278

Utah has one of the highest Breweries Per Capita ratio as of 2008; ranked 14th out 51 states (including D.C.). As well as our local breweries are doing, things could always be better. A little tax help could help bring prices down and create jobs in the area.

H.R. 4278 the "Small Brewers Stimulus" bill is an attempt to create that stimulus for small craft breweries.

Sponsored by U.S. Representatives Richard Neal (D-Massachusetts 2nd District) and Kevin Brady (R-Texas 8th District). Currently, a small brewer that produces less than 2 million barrels of beer per year is eligible to pay $7.00 per barrel on the first 60,000 barrels produced each year. Reducing this rate to $3.50 per barrel would provide approximately $15.5 million per year to help strengthen our nation's smallest brewers and support their efforts to maintain and generate jobs.

Once production exceeds 60,000 barrels, a small brewer must pay the same $18 per barrel excise tax rate that the largest brewer pays at over 100 million barrels. Lowering the tax rate to $16 per barrel on beer production above 60,000 barrels up to 2 million barrels would provide small brewers with an additional $26.2 million per year that would be used to support significant long-term investments and create jobs by growing their businesses on a regional or national scale.

8 comments:

I know this has nothing to do with H.R. 4278, but I don't know how to get in contact with Mike. But on my daily browsing of the Club Warehouse I found three new brews headed to beerhive. I believe the beerhive has had them before, but Dale picked up a cart load today of Witches Brew Golden Ale, Firestone I.P.A. and porter. Just a heads up guys..now to write my congressman.

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